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Bofe Posen Says Not To Worry About Inflation, And Everyone Just Print

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http://uk.reuters.com/article/2011/09/22/uk-britain-bank-posen-idUKTRE78L17J20110922

He seems to think wages aren't rising, and that other specified essentials won't rise in price much or at all in the near future, etc.

He fails to educate the readers that the high prices they already have will not come down just because inflation eases, even if it does.

Additonally, we do actually already have wages rising -

the Tube drivers 10% over 2 years http://www.bbc.co.uk/news/uk-england-london-14898554

Iceland Supermarkets 6.3% http://www.thisislondon.co.uk/standard-business/article-23984138-iceland-rewards-staff-with-63-percent-pay-rise.do

And we do have huge recent rises in energy bills and other essentials.

Posen, do you not read the UK papers or do you only read the American press? If you have not got sufficient focus on the true welfare of the UK, kindly sod off back to the USA

Edited by inflating

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If they keep going they way they are we will see a "Frankenstein moment".

I suppose from a purely nationalistic point of view you can see where they are coming from. If you dont care about people and look only at the aggregate "national" position as a debtor country qwerty l we, and the usa will be well served by a global inflation to the detriment of the net creditors. Of course it will wipe out savers and genuine capitalists in this country but that is too difficult for these morons to think about.

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I suppose from a purely nationalistic point of view you can see where they are coming from. If you dont care about people and look only at the aggregate "national" position as a debtor country qwerty l we, and the usa will be well served by a global inflation to the detriment of the net creditors. Of course it will wipe out savers and genuine capitalists in this country but that is too difficult for these morons to think about.

These BoE people are a danger to national security. I find it amazing that uneclected people pretty much have the biggest influence on the lives of the people in the UK.

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Posen is producing policy to support the US and his good friend/co-author Ben Bernanke.

Embellished for you.

I swapped some emails with Posen and when I suggested that, my email account was blocked by the B of E. Truth hurts?

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I swapped some emails with Posen and when I suggested that, my email account was blocked by the B of E. Truth hurts?

Brilliant, I like your style :)

Guess they didn't want to admit they were in bed with The Benank.

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http://uk.reuters.com/article/2011/09/22/uk-britain-bank-posen-idUKTRE78L17J20110922

He seems to think wages aren't rising, and that other specified essentials won't rise in price much or at all in the near future, etc.

He fails to educate the readers that the high prices they already have will not come down just because inflation eases, even if it does.

Additonally, we do actually already have wages rising -

the Tube drivers 10% over 2 years http://www.bbc.co.uk/news/uk-england-london-14898554

Iceland Supermarkets 6.3% http://www.thisislondon.co.uk/standard-business/article-23984138-iceland-rewards-staff-with-63-percent-pay-rise.do

And we do have huge recent rises in energy bills and other essentials.

Posen, do you not read the UK papers or do you only read the American press? If you have not got sufficient focus on the true welfare of the UK, kindly sod off back to the USA

As for iceland, workers were getting only 5.78 per hour two years ago so maybe they're only getting around 6.50 an hour now? I believe that even Tesco pays around 7.50?

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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